Electro Optical Targeting System Market, By Platform, By Application, By End User, By Geography

Description

Global electro optical targeting system market is estimated to be valued at USD 13.96 Bn in 2024 and is expected to reach USD 20.18 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 13.96 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.40%	2031 Value Projection:	US$ 20.18 Bn

Figure. Electro Optical Targeting System Market Share (%), By Region, 2024

Electro Optical Targeting System Market - IMG1

Global electro optical targeting system market growth is driven by rising defense spending across major economies for procuring advanced targeting systems. Electro optical targeting system (EOTS) enhances situational awareness and precision strike capability of platforms like tanks, aircraft and UAVs. It assists in target detection, recognition and identification through day and night vision beyond the visible spectrum. With modern warfare relying greatly on network centric capabilities and real-time battlefield intelligence, EOTS has become a crucial component of military hardware. Major defense contractors have been investing heavily in developing next generation EOTS with advanced sensor fusion, artificial intelligence and autonomous tracking features to gain technological edge.

Market Dynamics:

The market growth is driven by factors such as increasing procurement of unmanned combat platforms, modernization of legacy targeting systems and growing emphasis on networked precision fires. However, high investment and maintenance costs of EOTS can hamper the market growth. Ongoing R&D in miniaturization of components and development of multi-sensor EOTS can offer market growth opportunities. Market players focus on integrating EOTS into small drones and guided ammunitions. Adoption of artificial intelligence for automating target detection can also offer growth opportunities Collaborations between technology companies and armed forces can boost innovations in electro optical and infrared targeting technologies.

Key features of the study:

This report provides in-depth analysis of the global electro optical targeting system market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players such as BAE Systems, Elbit Systems, FLIR Systems, General Atomics, Harris Corporation, Hensoldt, Leonardo S.p.A., L3 Technologies, Northrop Grumman, Raytheon Technologies, Rheinmetall AG, Saab Group, Sagem, Thales Group, and Ultra Electronics

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global electro optical targeting system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

By Platform Insights (Revenue, USD Bn, 2019 - 2031)
- Aircraft
- Ground Vehicles
- Naval Vessels
- Handheld/Portable
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Targeting
- Weapon Guidance
- Others
By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Military
- Homeland Security
- Law Enforcement
- Others (Research, Commercial, etc.)
By Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- BAE Systems
- Elbit Systems
- FLIR Systems
- General Atomics
- Harris Corporation
- Hensoldt
- Leonardo S.p.A.
- L3 Technologies
- Northrop Grumman
- Raytheon Technologies
- Rheinmetall AG
- Saab Group
- Sagem
- Thales Group
- Ultra Electronics

Product Code: CMI7319

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Electro Optical Targeting System Market, By Platform
- Global Electro Optical Targeting System Market, By Application
- Global Electro Optical Targeting System Market, By End User
- Global Electro Optical Targeting System Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Electro Optical Targeting System Market, By Platform, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
Aircraft
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Ground Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Naval Vessels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Handheld/Portable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Electro Optical Targeting System Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Intelligence, Surveillance, and Reconnaissance (ISR)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Targeting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Weapon Guidance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Electro Optical Targeting System Market, By End User, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Military
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Homeland Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Law Enforcement
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others (Research, Commercial, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Electro Optical Targeting System Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020- 2031, (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Platform, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Platform, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Platform, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Platform, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Platform, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Platform, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

BAE Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Elbit Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
FLIR Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
General Atomics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Harris Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hensoldt
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Leonardo S.p.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
L3 Technologies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Northrop Grumman
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Raytheon Technologies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Rheinmetall AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Saab Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sagem
Thales Group
Ultra Electronics

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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